Bolton, Formosa, Gunns, HTC, Indofood CBP: Asia Ex-Japan Equity Preview

The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.

Philippine banks: Philippine bank loans, net of overnight placements with the central bank, increased 12.5 percent in August, the fastest pace since June 2009, according to data released by the monetary authority. It’s the fifth straight month that loan growth accelerated, the data showed. Banco de Oro Unibank Inc. (BDO PM), the nation’s biggest bank by assets, advanced 0.1 percent to 60.55 pesos. Metropolitan Bank & Trust Co. (MBT PM), the second-largest lender by assets, climbed 1.3 percent to 73.40 pesos.

Anglo Philippine Holdings Corp. (APO PM): Manila’s Metro Rail Transit commuter trains may raise fares in November, said Abigail Valte, a spokeswoman for President Benigno Aquino. Anglo Philippines owns 18.6 percent of MRT Holdings Inc., majority owner of Metro Rail Transit Corp. The stock was unchanged at 1.70 pesos.

Bolton Bhd. (BOL MK): The Malaysian property developer said it scrapped an agreement to buy a piece of land in Kuala Lumpur for 39 million ringgit ($13 million) from Intrapuri Sdn. because the latter didn’t meet the terms and conditions of the contract. Bolton’s 3 million ringgit deposit has since been refunded, it said in a statement. Bolton was unchanged at 1.02 ringgit.

CIMB Group Holdings Bhd. (CIMB MK): The Employees Provident Fund, Malaysia’s largest pension fund, disclosed net purchases of 6 million shares in the country’s second-largest banking group, a stock-exchange filing showed. The sales raised its stake in CIMB to 14.1 percent, according to the filing. CIMB fell 0.5 percent to 8.13 ringgit.

Formosa Plastics Corp. (1301 TT): Nine-month net income at Taiwan’s biggest maker of polyvinyl chloride rose 67 percent from a year earlier to NT$33.2 billion ($1 billion), parent Formosa Plastics Group said. Formosa Plastics slid 0.1 percent to NT$77.50.

Gunns Ltd. (GNS AU): The Australian timber products company said in a statement to the stock exchange it’s reviewing its sawmilling, processing and retail sales operations in Western Australia and closing the facilities is a “real possibility.” Gunns advanced 1.7 percent to 60.5 Australian cents.

HTC Corp. (2498 TT): The world’s largest maker of handsets using Microsoft Corp. and Google Inc. operating systems almost doubled quarterly profit, beating analyst estimates as smartphone demand drove sales to a record. Third-quarter net income climbed 95 percent to a record NT$11.1 billion ($360 million) from NT$5.7 billion a year earlier, the company said. HTC increased 3 percent to NT$71.90.

PT Indofood CBP Sukses Makmur (ICBP IJ): The Indonesian instant-noodle producer will start trading in Jakarta today after last month’s initial public offering. The company sold 1.17 billion shares at 5,395 rupiah apiece.

STX Offshore & Shipbuilding Co. (067250 KS): The South Korean shipbuilder may win an order to build 10 vessels that can each carry about 13,000 containers for Zodiac Maritime Ltd., Maeil Business Newspaper said, citing officials in the shipbuilding industry it didn’t identify. STX Offshore jumped 13 percent to 22,900 won.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

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